Shop Talk: Reverse mortgages as a financial planning tool

The reverse mortgage industry missed the mark when it featured celebrity pitchmen in TV advertisements focused on the financially troubled segment of the homeownership market, according to our guest, David Peskin, president of Reverse Mortgage Funding LLC. But that has changed, he says, and reverse mortgages are gaining steam amongst wealth advisers as a better option than traditional lines of credit for maintaining their clients’ cash flow. (05/2016)